BGI Investments Ltd. has signed an memorandum of understanding to buy a 4.1-acre lot in Phnom Penh for $22.5 million

BGI buys Cambodian lot
BGI is a former textile company reconstituted to invest in real
estate.
Michal Margalit and Globes' correspodent 24 Feb 08 16:01
BGI Investments (1961) Ltd. (TASE: BGI) has signed an memorandum of
understanding (MOU) to buy a 4.1-acre lot in the Cambodian capital of
Phnom Penh for $22.5 million. The lot is zoned for a mixed-use office,
commercial, and residential project.
BGI will conduct due diligence over the next 60 days, after which it
will sign a binding contract, assuming that it is satisfied. The
company added that it would consider bringing in partners to the
project.
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